The EUR/GBP has been bearish since mid-August after finding resistance at 0.8036. The 4H chart shows that the market has been consolidating since July, as the moving averages clustered and crossed over. Before this consolidation in July, price was bearish from March though June. Now back to the current price action. We are seeing a strong rally from around 0.79. This rebound is a pullback against a bearish signal made last week when price fell below a rising trendline as well as below all the 200-, 100-, and 50-period simple moving averages (SMAs) in the 4H chart. The rebound will test resolve of the bears in this ... (full story)